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GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS Acquisitions There were no acquisitions in the three months ended March 31, 2023, and 2022. Goodwill The following table summarizes the changes in the carrying amount of goodwill (in millions):
| Amount
Balance as of December 31, 2022 | $ | 348.5 |
Acquisition activity | — |
Translation and other | 0.1 |
Balance as of March 31, 2023 | $ | 348.6 |
Intangible Assets The following table summarizes the components of gross intangible assets, accumulated amortization, and net intangible assets balances as of March 31, 2023, and December 31, 2022 (in millions):
|  | March 31, 2023 |  | December 31, 2022
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Patents and developed technology |  | $ | 199.1 |  |  | $ | (170.7) |  |  | $ | 28.4 |  |  | $ | 199.1 |  |  | $ | (167.4) |  |  | $ | 31.7 |
Distribution rights and others |  | 10.6 |  |  | (7.6) |  |  | 3.0 |  |  | 11.0 |  |  | (7.4) |  |  | 3.6 |
Customer relationships |  | 32.7 |  |  | (19.3) |  |  | 13.4 |  |  | 32.6 |  |  | (18.1) |  |  | 14.5 |
Total intangible assets |  | $ | 242.4 |  |  | $ | (197.6) |  |  | $ | 44.8 |  |  | $ | 242.7 |  |  | $ | (192.9) |  |  | $ | 49.8 |
Amortization expense related to intangible assets was $5.0 million and $6.1 million for the three months ended March 31, 2023, and 2022, respectively. The estimated future amortization expense related to intangible assets as of March 31, 2023, is as follows (in millions):
Fiscal Year | Amount
Remainder of 2023 | $ | 14.2 |
2024 | 15.0 |
2025 | 10.3 |
2026 | 3.4 |
2027 | 1.0 |
2028 and thereafter | 0.9 |
Total | $ | 44.8 |
The preceding expected amortization expense is an estimate. Actual amounts of amortization expense may differ from estimated amounts due to additional intangible asset acquisitions, measurement-period adjustments to intangible assets, changes in foreign currency exchange rates, impairments of intangible assets, accelerated amortization of intangible assets, and other events.

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- References No definition available. + Details
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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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